Match Each Item with Its Definition

question 163

Multiple Choice

Match each item with its definition.
-Discontinued Operations

• A)Useful for comparing one company to another or a company with industry averages
• B)Focuses on a company’s ability to generate net income
• C)The percentage analysis of the relationship of each component in a financial statement to a total within the statement.
• D)An analysis of a company’s ability to pay its current liabilities.
• E)Occurs when a company abandons a segment.
• F)A percentage analysis of increases and decreases in related items in comparative financial statements.
• G)Something that is both unusual and infrequent.
• H)This requires a restatement of prior period financial statements.

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Definitions:

Labor

A measure of the work done by human beings.

Transportation Method

A mathematical optimization technique used for finding the most cost-efficient plan for distributing products from several suppliers to several consumers.

Aggregate Planning

A process of developing, analyzing, and maintaining a preliminary, approximate schedule of the overall operations of an organization.

Stockout Cost

The cost incurred when inventory is not available to meet demand.